Uncomfortably Exciting - Being a S.M.A.R.T. Leader

Being a manager or a leader is not a choice or a job description. Success comes from being both and balancing them effectively.

D. Brown Management Profile Picture
Share

Managers must set goals that are S.M.A.R.T. (Specific, Measurable, Achievable, Relevant and Time Bound.  Leaders must be stretching their teams toward objectives that are beyond what anyone believes they can achieve

Quote: Always work hard on something uncomfortably exciting. Larry Page.

John Doerr and Larry Page describe these as two different types of OKRs (Objectives & Key Results):

Committed

These are the management level OKRs that must be accomplished no matter what:  

  1. Ask “What must be done?”
  2. Develop a plan
  3. Work that plan every day
  4. Follow up relentlessly. 

“It is not enough that we do our best; sometimes we must do what is required.”

Winston Churchill

Aspirational

These are the leadership level OKRs that, as Larry Page describes, must make the whole team “uncomfortably excited.” 

Aim high and ask the harder question:  “What would have to be true for this strategy to work?” rather than the simpler question of “What is currently true?” 

This is the difference between how an architect approaches things from the top down versus a builder who typically approaches from the foundation up.  




Operational Clarity Over Optimum Tax Efficiency
The tax code is complex and that can make deal structures overly complex. The legal system is just as complex. Trying to get every possible issue contingency covered can also make the deal structure extremely complex.
Profitability Trends
When you are looking at your scoreboard, remember that industry average benchmarks and single points in time only tell part of the story.
Lead Measures and Outcomes: Starting with the Schedule of Values (SOV)
It is nearly impossible for a contractor to have consistently great cash flow if they have a Schedule-of-Values (SOV) that isn’t loaded properly and integrated with the project schedule, including a projection of the cash flow.